Non Disclosure Agreement Template 3
Non Disclosure Agreement Template 1
Non Disclosure Agreement Template 2
Non Disclosure Agreement Template 3
Non Disclosure Agreement Template 1

Non Disclosure Agreement Template

    Are you looking for a non-disclosure agreement (NDA) template that can be used repeatedly? We’ve got you covered. Our free, easy-to-use non-disclosure agreement template contains necessary terms and is editable as per your requirements, helping protect sensitive data and confidential information of your company. Save you the expense on hiring expensive lawyers or avoid spending hours on paperwork!
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Non Disclosure Agreement Template
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Non Disclosure Agreement Template

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A Non Disclosure Agreement (NDA) is a legal document between two or more parties that legally binds them in establishing a confidential relationship, It outlines the sensitive information that should be made available or restricted access to others by the parties.

The NDA acts as one of the basic legal methods employed by the parties for confirmation of information protection that will be shared by them during the course of the business .

CocoSign non disclosure agreement template can be used by individuals or companies in various scenarios that might be between a company and its employees, two companies working together, and while selling or licensing one's product.

What Is a Non Disclosure Agreement?

The non disclosure agreement establishes a confidential relationship between two or more parties in approval of not disclosing any private, confidential knowledge, information, material, or trade secrets that belong to the parties.

The agreement made by the parties clearly explains what information is accessible and what information is restricted along with the duration for which the rules would be applicable.

The NDA acts among the individuals or the companies in order to protect the information that is confidential or proprietary along with any trade secrets they might possess.

Under any circumstances, the parties who signed the agreement should not disclose any part of the confidential information that is enclosed in the NDA.

Based on the number of parties and information sharing party count involved in the agreement, an NDA is classified as:

  • Unilateral: This is one way NDA where one party shares and the other party receives the information.
  • Bilateral: This is a two way or mutual NDA where both the parties share information with each other.
  • Multilateral: This NDA is made among three or more parties where at least one party shares the information.

Based on the type of NDA, be it a simple non disclosure agreement or any other, one can choose the right NDA template for their requirement.

Get Started with our Free Non Disclosure Agreement (NDA) Template Today!

To find a solution to protect your business confidentiality, download our free non-disclosure agreement template now and remove worries about the unauthorized use of your confidential information.

Download a non-disclosure agreement template for free now!

When Do You Need a Non Disclosure Agreement?

The security of information is of vital importance for every business and its employees. The knowledge, material, and information which is confidential to the company should remain confidential under all circumstances.

To ensure such protection, a company needs to utilize the confidentiality agreement template. As explained earlier the non-disclosure agreement acts as the legal document that guarantees the protection of the information shared among the parties involved in the agreement.

Avail the NDA agreement template, if your requirement matches one of the below-mentioned scenarios:

The employee has access to confidential information

The business information of a company like code, client details, project-specific agreements will be accessible to employees to work on the project.

Such information is highly confidential and the company needs all the employees to sign an NDA to protect the information.

Entering a partnership

It comes to partnership all business details have to be shared before finalizing the deal, so one must ask the interested buyer for an NDA for confidentiality reasons.

Licensing of technology

A developer of an idea or a project during the course of licensing the product, one might need the technology showcased to clients, and the information needs to be safeguarded which calls for the NDA.

Depending on the business and the individual needs, various situations call for different types of Non Disclosure Agreement Templates.

What Are the Benefits of Using a Non Disclosure Agreement?

Confidentiality protection is the primary requirement of the individuals or companies entering a partnership. An NDA assures the safety of data and information, which is the main benefit.

Apart from the non disclosure agreement protecting the information, it has many benefits observed by the parties entering it. The benefits of claiming an NDA are:

  • Information protection, the confidentiality of the knowledge, resources, proprietary data, and trade secrets. The agreement clearly specifies the accessible data and restricted data enabling easy usage of the data by the user.
  • Proper and legal protection of data and the ways in which mishandling can be dealt with.
  • Confidentiality obligations can be customized based on requirements and the duration for which the restriction or access withstand and the termination when needed.
  • The provisions for information breach are included in the NDA, taking legal action on damages and seeking injustice relief and protection from further disclosure.
  • Having an NDA prior during a business merger or takeover discussions enables the parties to exchange detailed information without any confidentiality obligations.
  • In the presence of an NDA, the court will definitely take action during a security breach and sees to that. In the absence of the NDA, the court won't take any action and the company loses everything.

Entering into an NDA proves to be much more beneficial than not having it.

What Are Included in a Non Disclosure Agreement?

The usage of a non-disclosure agreement template is very essential between the companies that want to enter a partnership for working on a project in protecting the information being shared to be not disclosed to outsiders.

An NDA also outlines detailed information about the accessibility of data and the restricted access of information too. A lot of detailing goes into the formation of an NDA.

Various aspects that are included and covered by a non disclosure agreement are :

  • Participants Details: Names and address details of the parties or the individuals entering the agreement.
  • Confidential information: The clear and proper definition of confidential information and access to it. Confidential data can be tangible or intangible also.
  • Restricted Information: The information which will be unavailable should also be specifically mentioned. Precise explanation of the usage of information and the appropriate access and permission requests.
  • Term and Return of information: Duration of the agreement and the process to be followed to terminate if such a situation arises and the steps to prevent the information.

While selecting an NDA provider the parties have to ensure that they check the provision of a free non disclosure agreement template, free from any errors, loopholes, and any misleading information before finalizing the agreement.

Get Started with our Free Non Disclosure Agreement (NDA) Template Today!

To find a solution to protect your business confidentiality, download our free non-disclosure agreement template now and remove worries about the unauthorized use of your confidential information.

Download a non-disclosure agreement template for free now!

Conclusion

The NDA is vital for the confidentiality of information for every business and a clear and proper agreement with all the specifications is even more crucial.

CocoSign provides its customers non disclosure agreement templates to cater specifically to business or individual requirements. We offer the best templates and to understand our service better, check the free nda template we have made available for user experience.

Every business' needs and individual requirements vary from client to client and we are known for our customized services for free non disclosure agreement templates. Protect your data, save time and money using our skilled and experienced nda agreement template.

Non Disclosure Agreement FAQ

  • Are non-disclosure agreements and confidentiality agreements different?

    Yes, both non-disclosure agreements and confidentiality agreements are different. Non disclosure agreement is acceptance of keeping the information safe. A confidentiality agreement is more of taking action in safekeeping information

  • How many types of NDA are there? How are they classified?

    Based on the number of participating individuals or companies, who is the sharer and who is the recipient of the information in the agreements the NDA can be Unilateral (oneway), bilateral (two-way), and multilateral.

  • Can I opt-out of an NDA?

    Yes, one can opt-out of an NDA, if the options for such have already been arranged or if both the parties in the agreement accept the decision and terminate the NDA or amend the agreement.

  • Does an NDA last forever?

    The duration of an NDA depends on the situation. If in case of an employee in a company the NDA stays as long as they are part of the company. In other situations, it is valid for the pre-decided term.

  • How much does an NDA cost?

    The cost of an NDA depends on various factors such as the number of parties involved in the agreement and the complexity and type of information(tangible and tangible) that require confidentiality.

DOCUMENT PREVIEW

NON-DISCLOSURE AGREEMENT (NDA)

This Nondisclosure Agreement (the "Agreement") is entered into by and between _______________ with its principal offices at _______________, ("Disclosing Party") and _______________, located at _______________ ("Receiving Party") for the purpose of preventing the unauthorized disclosure of Confidential Information as defined below. The parties agree to enter into a confidential relationship concerning the disclosure of certain proprietary and confidential information ("Confidential Information").

1. Definition of Confidential Information. For purposes of this Agreement, "Confidential Information" shall include all information or material that has or could have commercial value or other utility in the business in which Disclosing Party is engaged. If Confidential Information is in written form, the Disclosing Party shall label or stamp the materials with the word "Confidential" or some similar warning. If Confidential Information is transmitted orally, the Disclosing Party shall promptly provide writing indicating that such oral communication constituted Confidential Information.

2. Exclusions from Confidential Information. Receiving Party's obligations under this Agreement do not extend to information that is: (a) publicly known at the time of disclosure or subsequently becomes publicly known through no fault of the Receiving Party; (b) discovered or created by the Receiving Party before disclosure by Disclosing Party; (c) learned by the Receiving Party through legitimate means other than from the Disclosing Party or Disclosing Party's representatives; or (d) is disclosed by Receiving Party with Disclosing Party's prior written approval.

3. Obligations of Receiving Party. Receiving Party shall hold and maintain the Confidential Information in strictest confidence for the sole and exclusive benefit of the Disclosing Party. Receiving Party shall carefully restrict access to Confidential Information to employees, contractors and third parties as is reasonably required and shall require those persons to sign nondisclosure restrictions at least as protective as those in this Agreement. Receiving Party shall not, without the prior written approval of Disclosing Party, use for Receiving Party's benefit, publish, copy, or otherwise disclose to others, or permit the use by others for their benefit or to the detriment of Disclosing Party, any Confidential Information. Receiving Party shall return to Disclosing Party any and all records, notes, and other written, printed, or tangible materials in its possession pertaining to Confidential Information immediately if Disclosing Party requests it in writing.

4.   Time Periods. The nondisclosure provisions of this Agreement shall survive the termination of this Agreement and Receiving Party's duty to hold Confidential Information in confidence shall remain in effect until the Confidential Information no longer qualifies as a trade secret or until Disclosing Party sends Receiving Party written notice releasing Receiving Party from this Agreement, whichever occurs first.

5. Relationships. Nothing contained in this Agreement shall be deemed to constitute either party a partner, joint venture or employee of the other party for any purpose.

6. Severability. If a court finds any provision of this Agreement invalid or unenforceable, the remainder of this Agreement shall be interpreted so as best to affect the intent of the parties.

7.  Integration. This Agreement expresses the complete understanding of the parties with respect to the subject matter and supersedes all prior proposals, agreements, representations, and understandings. This Agreement may not be amended except in writing signed by both parties.

8. Waiver. The failure to exercise any right provided in this Agreement shall not be a waiver of prior or subsequent rights.

9. Notice of Immunity. Employee is provided notice that an individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual (i) files any document containing the trade secret under seal; and (ii) does not disclose the trade secret, except pursuant to court order.

This Agreement and each party's obligations shall be binding on the representatives, assigns and successors of such party. Each party has signed this Agreement through its authorized representative.

 

 

 

 

 

 

 

 

 

 

DISCLOSING PARTY

 

 

Signature: _____________________________________________________

Typed or Printed Name: ___________________________ Date: _______________

 

RECEIVING PARTY

 

 

Signature: _____________________________________________________

Typed or Printed Name: ___________________________ Date: _______________

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